FT. MYERS, Fla. (AP) — AliCo. (ALCO) on Monday reported a fiscal first-quarter loss of $2.5 million, after reporting a profit in the same period a year earlier.
The Ft. Myers, Florida-based company said it had a loss of 33 cents per share. Losses, adjusted for one-time gains and costs, were 10 cents per share.
The agribusiness and land management company posted revenue of $14.8 million in the period.
Alico shares have risen roughly 1 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $29.70, a rise of 15 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALCO at https://www.zacks.com/ap/ALCO
